Forecast: Output of Artificially Cultured Seawater Aquatic Products in China

The output of artificially cultured seawater aquatic products in China has seen a consistent upward trend from 2013 to 2023. In 2023, it stood at 23.3 million metric tons, growing from 16.6 million metric tons in 2013. The period 2013-2023 exhibited an annual growth rate varying between 1.53% to 6.61%, with a Compound Annual Growth Rate (CAGR) averaging 3.92% in the last five years.

Year-over-year growth percentages for the last two years were recorded at 2.62% in 2022 and 2.6% in 2023, showing a slightly decelerating trend. The forecasted data from 2024 to 2028 indicates a lower growth trajectory, with a forecasted five-year CAGR of 1.84% and an overall growth rate of 9.56% by 2028.

Future trends to watch for include:

  • Technological advancements in aquaculture techniques which can drive productivity.
  • Increasing demand for sustainable marine products.
  • Government policies supportive of artificial aquaculture development.
  • Environmental and climate factors affecting marine ecosystems.

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